Ren – the group behind the interoperability blockchain venture RenVM – has joined Alameda Analysis, in response to a weblog post printed Feb. 2. It’s not instantly clear what the phrases of the “becoming a member of” are.
Previously often known as Republic Protocol, Ren acts as a bridge between varied blockchain property by means of a custodial node resolution. It’s tokenized bitcoin product, RenBTC, is the second BTC asset within the decentralized finance (DeFi) ecosystem with a marketcap over $500 milllion, in response to CoinGecko.
Within the weblog, Ren CEO Taiyang Zhang mentioned Ren has begun engaged on help for the Solana blockchain with the intent of porting Ethereum-based ERC-20 property and ether to that blockchain. Sam Bankman-Fried is CEO of each Alameda Analysis and buying and selling platform FTX.
“The Ren growth group will probably be prioritising help for Solana in our Multichain libraries, and in RenVM itself,” the weblog states. “This help is at present underneath audit, and we anticipate that we can start bridging property to/from Solana in Q2. Doing so may have a profound affect on Serum, but additionally on the broader Solana ecosystem.”
This isn’t the primary DeFi venture to hitch the Alameda and FTX group. Uniswap competitor Sushiswap additionally partially got here underneath the group’s umbrella after keys controlling the venture had been transferred to FTX CEO Bankman-Fried in September 2020.
Bankman-Fried didn’t instantly return questions for remark.